Mohawk industries, inc. (MHK)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

110,465

264,673

155,669

202,654

121,575

230,043

228,026

197,545

209,241

240,866

271,022

261,748

201,056

234,508

270,827

256,114

172,117

192,005

215,703

186,774

22,504

147,080

151,260

152,861

81,053

94,783

119,559

84,382

50,567

66,389

70,304

73,188

41,012

43,897

47,696

62,094

24,538

47,436

52,264

68,965

21,270

Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Restructuring

11,709

44,808

7,775

4,821

32,937

16,200

11,480

13,129

18,182

9,986

10,746

13,328

3,025

10,163

18,776

4,271

5,253

14,369

4,898

7,161

6,657

2,419

5,327

4,090

4,661

27,427

13,673

20,167

8,222

6,109

4,229

8,226

0

7,696

2,186

6,514

6,813

78

3,330

4,929

4,004

Depreciation and amortization

145,516

153,759

144,920

140,482

137,291

139,092

132,971

127,048

122,654

118,372

113,515

109,761

105,024

104,379

103,680

101,214

100,194

94,025

94,955

88,011

85,656

95,665

85,167

83,754

80,984

86,329

81,550

80,643

60,349

63,878

71,298

71,831

73,286

74,930

74,207

74,344

74,253

74,522

72,956

72,497

76,798

Deferred income taxes

3,481

-117,145

2,267

-2,867

9,903

12,762

22,663

33,630

19,401

-92,140

11,870

-15,515

20,194

-6,122

-45,262

7,497

9,878

6,288

-22,471

-13,008

308

20,816

-22,858

-12,170

-9,814

-22,726

-23,546

-10,268

-5,985

1,702

5,618

6,695

-4,978

-3,884

-1,063

2,151

-1,820

-8,793

5,852

-12,663

-5,675

Loss on disposal of property, plant and equipment

-901

-37

3,410

-3,817

-1,164

-1,048

447

-471

1,277

-2,082

-1,306

-368

-547

-14,781

8,428

4,753

-2,332

-2,658

137

-952

466

-1,642

189

-294

-406

453

-1,292

-371

-51

-3,009

-1,780

426

-419

2,229

-471

-348

-137

-130

4,153

1,289

-337

Tax deficit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

134

28

Stock-based compensation expense

5,041

6,392

5,651

5,788

5,789

4,685

5,104

13,645

7,948

5,715

7,177

13,963

9,467

6,218

5,294

14,488

9,059

8,064

8,292

7,760

8,436

6,464

7,300

6,583

7,614

4,477

4,336

3,994

5,504

2,872

2,811

2,828

5,571

2,030

2,091

2,177

3,861

1,664

1,740

1,626

1,858

Changes in operating assets and liabilities, net of effects of acquisitions:
Receivables, net

168,740

-285,400

790

60,139

142,518

-194,686

-17,301

93,844

104,287

-106,209

132

56,882

109,761

-96,423

54,062

57,130

144,119

-126,092

-40,461

72,708

108,228

-79,538

-13,441

85,929

114,755

-70,279

-5,865

51,643

120,814

-108,168

-2,623

8,418

91,485

-76,007

-10,605

40,177

131,826

-83,922

-20,934

1,119

116,010

Income tax receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-31,820

-

-

-

-

-

-

-

-

Inventories

-24,284

-67,689

1,227

19,841

39,409

45,576

77,307

58,009

74,499

31,275

28,722

41,782

51,466

28,345

12,273

17,804

23,501

-9,619

40,665

-29,688

-7,758

-41,859

34,275

8,955

65,645

-25,713

5,369

-9,579

50,134

-7,644

-27,763

6,155

46,331

-14,477

29,906

24,476

60,300

14,959

21,043

38,805

44,096

Other assets and prepaid expenses

26,573

-42,567

11,538

24,930

2,474

11,360

28,483

39,457

182

50,447

-62,779

61,442

3,005

13,108

-14,274

-28,266

-24,835

42,201

-24,638

-6,564

64,814

2,110

14,315

15,809

-1,858

21,707

-19,747

15,709

-11,115

-2,599

6,150

7,878

-1,565

6,141

-900

4,616

2,577

10,686

-9,203

7,464

2,844

Accounts payable and accrued expenses

66,175

-302,702

45,004

134,434

71,199

-259,937

-38,699

243,039

-14,250

-978

8,745

29,786

-12,188

-84,702

90,398

85,127

-5,251

-139,552

64,298

73,176

8,551

-70,115

22,225

35,051

-36,365

-70,777

-264

31,552

15,568

-451

23,632

2,186

13,814

-48,888

-654

19,031

19,387

-62,172

-12,535

-31,884

19,644

Other liabilities

22,715

463

2,266

11,971

-25,320

5,216

890

561

297

10,983

2,038

-5,337

2,989

10,752

4,474

-4,422

1,074

833

-539

2,795

-16,008

82

-4,064

9,110

-21,003

-7,633

-3,784

-210

-13,387

-4,696

-937

-2,031

-5,523

3,279

3,206

-1,387

121

3,688

-1,769

-6,780

-1,450

Net cash provided by operating activities

194,974

440,675

411,759

396,190

170,137

286,859

273,499

437,758

183,228

319,373

460,344

247,996

165,882

344,947

435,603

412,868

151,871

272,200

389,433

317,165

-49,646

338,765

225,549

168,880

-71,006

198,190

213,059

152,858

-38,944

289,043

202,971

140,046

-44,470

162,805

109,598

96,003

-67,413

109,318

121,417

135,169

-46,192

Cash flows from investing activities:
Additions to property, plant and equipment

115,632

139,848

124,555

144,111

136,948

151,161

144,595

247,418

250,936

251,368

229,207

224,153

201,270

211,365

183,846

136,081

140,833

151,587

123,648

122,628

105,794

170,224

141,883

127,616

122,081

111,027

109,426

82,815

63,282

73,296

47,311

44,436

43,251

93,313

69,741

59,708

52,811

69,940

39,101

23,830

23,309

Acquisitions, net of cash acquired

0

4,235

0

0

76,847

143,656

400,894

0

24,410

33

298

249,641

827

0

0

0

0

158,852

20,432

1,187,955

3,328

0

0

0

-19

-6,000

2

301,695

147,769

0

0

0

0

-

-

-

-

-

-

-

-

Purchases of short-term investments

183,300

130,500

141,000

156,000

154,000

138,037

134,000

146,000

246,096

83,904

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of short-term investments

165,500

133,000

145,000

158,000

156,000

129,000

137,000

149,000

280,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-133,432

-141,583

-120,555

-142,111

-211,795

-303,854

-542,489

-244,418

-241,442

-335,305

-229,505

-473,794

-202,097

-211,365

-183,846

-136,081

-140,833

-310,439

-144,080

-1,310,583

-109,122

-174,091

-141,883

-127,616

-122,062

-105,027

-109,428

-384,510

-211,051

-73,296

-47,311

-51,443

-43,251

-93,313

-93,838

-59,708

-52,811

-69,939

-114,404

-23,830

-23,309

Cash flows from financing activities:
Payments on Senior Credit Facilities

65,661

23,167

224,457

109,324

132,030

212,256

159,877

75,160

365,889

137,475

58,076

73,364

185,722

239,511

188,739

103,862

175,017

288,744

748,074

133,962

205,302

214,198

186,991

201,641

1,010,654

908,020

1,234,959

341,225

537,409

651,775

405,975

323,875

329,800

272,995

520,924

305,100

332,330

-

-

-

-

Proceeds from Senior Credit Facilities

613,448

28,630

207,734

117,684

94,539

254,879

99,393

99,763

355,252

180,621

26,589

82,717

157,957

245,256

120,017

199,876

66,658

258,269

301,334

739,547

16,780

399,954

172,254

193,882

682,101

821,802

1,058,893

506,174

842,634

232,800

302,700

588,300

443,500

300,500

538,419

283,100

607,330

-

-

-

-

Payments on Commercial Paper

3,644,139

3,249,184

3,372,529

4,731,701

3,815,406

4,636,888

4,217,871

3,924,933

3,976,712

4,198,730

4,229,468

4,000,371

3,155,448

2,595,721

3,726,604

6,841,645

7,046,615

2,478,516

4,374,451

4,240,100

4,841,700

2,835,700

2,375,950

1,925,616

287,485

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Commercial Paper

3,259,341

2,999,688

3,148,407

4,496,627

3,895,455

5,012,175

4,122,632

3,763,595

4,089,996

4,174,726

3,787,323

4,011,902

3,788,003

2,466,246

3,541,028

6,481,474

7,812,624

2,546,053

4,535,254

4,124,000

5,197,200

2,568,250

2,385,000

1,894,475

878,626

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Change in asset securitization borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

7,100

-

-

-

0

0

0

0

-20,000

-280,000

0

0

0

-

-

-

-

-

-

-

-

Payments on asset securitization borrowings

-

-

-

-

-

-

-

-

-

0

0

0

500,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on Floating Rate Notes

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

645,555

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

353,478

-283,248

0

298,248

-

-

-

-

Proceeds from senior note issuance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

600,000

0

0

0

0

-

-

-

-

-

-

-

-

Proceeds from other debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,438

-127

-333

-52,460

-67

-1,656

1,608

-1,630

-3,043

366

2

-584

301,101

-298,170

411

-536

-1,010

10

-308

496

Payments of other debt and financing costs

808

-

-

446

125

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

3,033

27,629

-125

12,417

24,267

45,163

895,127

0

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

-

-

-

-

-

-

78

833

45

522

250

0

84

1,002

-6,859

-8

4,339

2,528

0

0

0

0

17

1,837

645

5,170

779

0

0

1,018

-

-

-

-

-

-

-

-

Purchase of Mohawk common stock

68,640

23,409

67,708

8,963

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

35,000

-

-

-

-

-

-

-

-

Distribution to non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

423

1

-665

2,145

3,283

488

316

597

2,071

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

27,954

-

-

-

-

Tax deficit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

134

28

Change in outstanding checks in excess of cash

-2,945

5,859

-3,487

3,929

-10,965

7,995

-697

5,360

-6,905

1,602

-4,466

620

-1,158

170

2,057

-2,270

-1,711

-3,761

-4,028

-3,992

9,729

-7,247

2,389

-6,118

9,056

-464

4,419

-3,354

-8,069

6,861

-710

11,994

-10,255

435

367

10,350

6,438

-15,763

1,092

-2,340

-889

Shares redeemed for taxes

3,396

4,066

0

42

4,669

737

0

44

9,144

1,647

0

0

12,255

1,160

208

1,269

10,402

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from stock transactions

1

0

0

0

1

0

0

1

1

641

2

1,189

13

216

234

3,343

790

-4,955

289

1,284

8,225

1,278

4,728

546

6,276

8,143

8,774

2,240

27,619

6,797

2,744

1,073

5,539

1,084

57

1,579

1,067

1,319

113

619

394

Net cash (used in) provided by financing activities

87,201

-279,570

-304,871

-232,236

26,800

46,484

-156,484

221,430

86,599

16,342

-280,645

166,440

90,868

-124,754

-252,215

-264,437

-230

16,298

-298,634

1,053,836

175,304

-152,137

-41,776

-44,680

213,043

-102,890

-211,529

-730,329

937,975

-129,139

-100,875

-58,776

71,959

-25,155

-4,556

-11,805

8,392

-43,896

737

-209,998

-2,042

Effect of exchange rate changes on cash and cash equivalents

-20,442

3,960

-3,126

585

1,476

-1,790

-1,401

-11,387

1,574

-28

4,070

1,160

12,118

729

517

1,394

5,805

-7,083

-7,090

3,628

-7,372

-20,229

-6,365

815

-1,396

213

2,733

10,559

-45,485

10,222

6,594

-15,139

8,592

-8,548

-20,470

4,701

13,846

-7,101

15,412

-11,003

-7,580

Net change in cash and cash equivalents

128,301

23,482

-16,793

22,428

-13,382

27,699

-426,875

403,383

29,959

382

-45,736

-58,198

66,771

9,557

59

13,744

16,613

-29,024

-60,371

64,046

9,164

-7,692

35,525

-2,601

18,579

-9,514

-105,165

-951,422

642,495

96,830

61,379

14,688

-7,170

35,789

-9,266

29,191

-97,986

-11,618

23,162

-109,662

-79,123